Veeco Instruments Inc (VECO)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 73,714 | 80,386 | 83,009 | -17,255 | -30,368 | 76,911 | 69,927 | 166,175 | 173,308 | 52,595 | 43,998 | 39,418 | 26,038 | 17,733 | 9,320 | -5,330 | -8,391 | -41,160 | -53,507 | -60,770 |
| Total stockholders’ equity | US$ in thousands | 770,770 | 746,519 | 715,013 | 687,910 | 672,442 | 644,480 | 612,600 | 585,559 | 577,824 | 441,115 | 420,737 | 403,570 | 437,628 | 435,313 | 423,735 | 412,461 | 408,374 | 398,093 | 395,331 | 377,064 |
| ROE | 9.56% | 10.77% | 11.61% | -2.51% | -4.52% | 11.93% | 11.41% | 28.38% | 29.99% | 11.92% | 10.46% | 9.77% | 5.95% | 4.07% | 2.20% | -1.29% | -2.05% | -10.34% | -13.53% | -16.12% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $73,714K ÷ $770,770K
= 9.56%
Veeco Instruments Inc's Return on Equity (ROE) experienced a gradual improvement over the last few years based on the provided data. The company's ROE was negative in the early quarters of 2020, indicating unprofitability relative to shareholders' equity. However, the trend reversed by the end of 2021, with positive ROE figures indicating efficiency in generating profits from shareholders' investments.
The ROE continued to increase steadily, peaking at 29.99% by the end of 2022, signifying a significant improvement in the company's ability to generate earnings from shareholder equity. This peak was followed by a slight dip in the ROE in the first quarter of 2023 but still remained at a healthy level compared to the earlier periods.
Subsequently, the ROE fluctuated between positive and negative figures in the following quarters, reflecting some variability in the company's profitability and efficiency in utilizing shareholder funds. Overall, Veeco Instruments Inc's recent ROE figures suggest an improving trend in profitability and return on shareholders' equity, albeit with some periodic fluctuations.
Peer comparison
Dec 31, 2024